Canadian farmland avoids housing market downturn as prices rise 13%

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The average cost of farmland in Canada rose nearly 13 per cent in 2022, the biggest increase since 2014, according to a new report from government-owned agricultural lender Farm Credit Canada. While higher interest rates and pricier fertilizer costs for farmers were expected to hamper land prices and sales, demand was “robust,” the report said.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Higher borrowing and fertilizer costs are expected to weigh on sales in 2023, though prices will probably rise, just at a slower rate, Gervais said. Strong demand and limited supply of farmland will help the market remain “fairly stable,” he said.

And soon we will discover that numbered companies linked to the CCP have been the buyers.

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